12 comments:

How many people have used crypto? Doesn't count if you have "invested" in crypto technologies -- there are lots of people taking money from people for crypto hysteria, I'm just trying to find any people that use it for practical applications, as a technological advancement that makes life better, cheaper, simpler, easier... anyone? anyone?

"“Central banks are in the business of debasing your currency,” he proclaimed. “Central governments are in the business of debasing your citizenship.” However, Bannon reassured that audience that with the use of cryptocurrencies “We take control of the central banks away. That will give us the power again.”

SSDD...

Sounds like a lot of the lefties here with their 'oligarchy!" conspiracy theories too....

One imagined benefit of crypto is a distributed network ledger that isn't controlled by a central authority like government or central bank or VISA but mutual trust of the overall system and it's design and authors.

Ripple is centrally controlled crypto ledger so it gets all the unfortunate costs and risks of doing crypto and distributed ledgers without relative benefit of a truly distributed system. Not a fan, me.

systems are an abstraction and hence cannot be properly described as corrupt... Franko

1) Our system extends what is, in essence, the public's credit but for private gain. That's corruption.2) Our system intermingles what should be risk-free, 100% liquid assets with at-risk, not necessarily liquid assets. That's corruption.

Besides even mere abstract systems can be corrupt in principle.

the current system could be operated well by the right people... Franko

IF you knew the Bible, you'd know that God HIMSELF does things the PROPER way. How much more then should mere humans do things ethically?